Energy Risk Management

The American Petroleum Institute (API) and the Global Association of Risk Professionals (GARP) have teamed-up to provide a new certification program for energy risk professionals. The Energy Risk Professional (ERP) certification program is designed to comprehensively measure an energy risk professional’s ability to manage risk in a real-world environment across diverse energy areas as well as financial marketplaces. The program was created with direct input from leading energy risk experts and practitioners from around the world and it encompasses both downstream and upstream processes as well as diverse energy commodities.

Physical energy markets covered in the ERP program include: exploration, production and risk management techniques for crude oil, refined petroleum products, natural gas, liquefied natural gas, coal, electricity, and alternative energies. Successful candidates will also attain a broad understanding of the sophisticated financial instruments and risk management approaches used by producers and consumers to price and hedge energy products. Moreover, candidates will gain fundamental knowledge of the many regulations applying to the management and supervision of financial risk in the energy industry.

The program was developed by GARP with the support of the API. GARP is a not-for-profit independent association of close to 100,000 risk management practitioners and researchers representing banks, investment management firms, government agencies, academic institutions, and corporations from more than 167 countries worldwide. It also administers the Financial Risk Manager (FRM), the certification recognized by financial risk professionals worldwide.

For more information on the Energy Risk professional Certification please click here.